3 Top Tips for using Business Intelligence or BI Tools
MXI UK & Ireland providers of business Intelligence, financial modelling solutions and statistical planning and forecasting software are pleased to share three top tips for business intelligence. These simple suggestions will make implementing and using your chosen BI or Business intelligence product easier and ulitmately you will getting the benefits quicker.
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1. Data quality is everything and quickest route to success. Establish data consistency and set rules early. This single rule is one of the most important rules in Business Intelligence. If your data is inconsistent across different sources you will need to perform an cost benefit appraisal to decide on whether correcting this is worthwhile.
For example the customer name is always "custnam" across all links. Use the name for all of the measures in the BI tool itself. City is always "city". It is always Yr and not "Year"
2. Try to use the one Business intelligence product from the one Vendor. Many organisations now have multiple data tools which is very counterproductive.
3. Decide on the one principle objective first and go for it. Not loads of different targets which will distract. For example reduce operations costs or identify 5 most profitable customers. Focus on that goal first.
We will continue to issue these Top Tips for Business Intelligence for the next few days. For more information or Trial download click here.